Explaining it in the framework of common law,
▪ What are the main categories for business organizations?
o each of the aforementioned corporate organizations' legal standing,
o what are the benefits and drawbacks.
o What is the process for each business organization to receive loans or debts.
o What steps are taken to ensure these commercial entities are solvent?
o emphasize the significance of the corporate veil and its benefits
o Explain the effects of each business organization's bankruptcy and insolvency.